LAHORE: Despite its claims to have expertise in economic management, the PML-N’s latest government managed to achieve only 20% of its macroeconomic promises it made in election 2013, said a study conducted by the Institute of Policy Reforms (IPR) on Tuesday. On the other hand, Pakistan Peoples Party (PPP) achieved...

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (Retd) Javed Iqbal has said that the accountability watchdog arrested 350 accused persons during the last seven months. NAB recovered about Rs 2,200 million, with overall convictions of 77 percent. The NAB Chief said in a statement, that institution is rejuvenated to eradicate...

FBR can play role for economic stability LAHORE (INP): Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Thursday lauded appointment of Ms Rukhsana Yasmin as chairperson Federal Board of Revenue (FBR) and said she would utilize all her skill to strengthen partnership between FBR and the business community for economic...

ISLAMABAD: Conventional economic wisdom sees a causal relationship between the expansion in economic output and job market. At times, however, economic growth may drive down unemployment or the increase in employment may lag considerably behind that of the output. Likewise, a contraction in economic growth may have a far greater impact...

PAKISTAN has been struggling to meet its fast-growing policy demand for transport and provide quality transportation to a rapidly urbanising population. Standing at around 208 million, the nation is already the sixth most populous in the world with a 2.4 per cent growth rate. The Planning Commission has estimated that Pakistan’s...

AS the country enters the election cycle and fears of disruption in the democratic order recede, people heave a sigh of relief and focus on their religious and societal obligations in the holy month.Living up to their reputation generous Pakistanis are donating liberally this Ramazan. The magnitude of charitable...

KARACHI: Despite higher economic growth expectations for FY18, macro indicators like domestic and foreign investments and private sector credit off-take do not support the government’s claims.State Bank of Pakistan’s Monetary Policy Information Compendium for May 2018 showed that borrowing for working capital accounted for the bulk of the overall...

Dr Amjad Saqib, founder and chairman Akhuwat, an interest-free microfinance entity, said that increasing GDP was nothing but a mirage if it was not equitably distributed. Other than having more than 700 branches in 350 cities of the country to conduct its operations of distributing Karz-e-Hasna – interest-free loans –...

ISLAMABAD: Meagre climatic variation over the past few days reinforced the unpredictability and uncertainty of climate in the age of climate change. Climate change has two basic elements – one is related to control or mitigation and the other pertains to adapting to changes. Mitigation has limited relevance for Pakistan, but...